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Academic Journal of Business & Management, 2023, 5(17); doi: 10.25236/AJBM.2023.051720.

Efficiency and Potential of China’s Timber and Wood Products Exports to RCEP Members: A Stochastic Frontier Gravity Analysis

Author(s)

Jionglin Li

Corresponding Author:
Jionglin Li
Affiliation(s)

College of Economics and Management, South China Agricultural University, Guangzhou, 510642, China

Abstract

This study employs a stochastic frontier gravity model to examine the export efficiency of China's timber and wood products trade with Regional Comprehensive Economic Partnership (RCEP) member countries from 2012 to 2021. The analysis provides insights into the market potential and trade prospects for China's timber and wood products exports. The results indicate that the average export efficiency of China's timber and wood products trade with RCEP partners is 0.18 over the sample period. Significant heterogeneity exists in trade efficiencies across countries, suggesting substantial untapped export potential. China's timber and wood products exports are positively associated with the economic mass of RCEP members as well as China, but negatively correlated with differences in population and per capita forest resources between trade partners.

Keywords

RCEP member countries; Timber and wood products; Export efficiency; Export potential; Stochastic; frontier gravity model

Cite This Paper

Jionglin Li. Efficiency and Potential of China’s Timber and Wood Products Exports to RCEP Members: A Stochastic Frontier Gravity Analysis. Academic Journal of Business & Management (2023) Vol. 5, Issue 17: 127-132. https://doi.org/10.25236/AJBM.2023.051720.

References

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